Zacks Investment Research upgraded shares of Gardner Denver (NYSE:GDI) from a hold rating to a buy rating in a research note issued to investors on Tuesday. The brokerage currently has $39.00 price objective on the stock.

According to Zacks, “Gardner Denver Holdings, Inc. is a provider of mission-critical flow control and compression equipment and associated aftermarket parts, consumables and services. Its products and services consist of compressor, pump, vacuum and blower. Gardner Denver Holdings, Inc. is based in Milwaukee, United States. “

Other analysts also recently issued research reports about the company. Stifel Nicolaus boosted their price objective on Gardner Denver from $34.00 to $36.00 and gave the company a buy rating in a research report on Wednesday, November 22nd. Simmons reiterated an overweight rating and issued a $31.00 price objective on shares of Gardner Denver in a research report on Tuesday, September 26th. Citigroup set a $34.00 target price on Gardner Denver and gave the company a buy rating in a report on Friday, October 27th. Tigress Financial reaffirmed a buy rating on shares of Gardner Denver in a research note on Monday, December 18th. Finally, Robert W. Baird reissued a buy rating and issued a $30.00 target price on shares of Gardner Denver in a research note on Wednesday, October 4th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The company has an average rating of Buy and an average price target of $31.70.

Shares of Gardner Denver (NYSE:GDI) traded down $0.11 on Tuesday, reaching $34.99. The company’s stock had a trading volume of 276,403 shares, compared to its average volume of 570,830. The company has a quick ratio of 1.60, a current ratio of 2.51 and a debt-to-equity ratio of 1.58. Gardner Denver has a 1-year low of $19.91 and a 1-year high of $36.08.

Gardner Denver (NYSE:GDI) last issued its earnings results on Wednesday, October 25th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.04. sell-side analysts anticipate that Gardner Denver will post -0.21 earnings per share for the current fiscal year.

In other Gardner Denver news, major shareholder Fund Holdings L.P. Kkr sold 25,250,880 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $26.43, for a total transaction of $667,380,758.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Hedge funds and other institutional investors have recently modified their holdings of the business. Advisor Group Inc. raised its position in Gardner Denver by 145.5% during the 3rd quarter. Advisor Group Inc. now owns 5,837 shares of the company’s stock valued at $160,000 after purchasing an additional 3,459 shares in the last quarter. Engineers Gate Manager LP bought a new stake in Gardner Denver during the 2nd quarter valued at $201,000. CNH Partners LLC bought a new stake in Gardner Denver during the 2nd quarter valued at $216,000. Amalgamated Bank bought a new stake in Gardner Denver during the 3rd quarter valued at $223,000. Finally, State of Wisconsin Investment Board bought a new stake in Gardner Denver during the 3rd quarter valued at $241,000.

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About Gardner Denver

Gardner Denver Holdings, Inc is a global provider of mission-critical flow control and compression equipments and associated aftermarket parts, consumables and services. The Company operates through three business segments: Industry, Energy and Medical. Industry segment designs, manufactures, markets and services a range of air compression, vacuum and blower products.

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